Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - 9 August


Bitcoin price prediction: BTC/USD hibernates under $12,000  - Bitcoin confluence

Bitcoin (BTC) has been range-bound during early Asian hours as the market cannot decide where to go next. The upside momentum has faded away on an unsuccessful attempt to break above $12,000, which creates downside risks for the coin ahead of the weekend.

Bitcoin confluence levels

There are some strong technical levels both above and below the current price, which confirms the range-bound theory. However, considering a highly volatile market, another wild move in either direction should not be excluded. 

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Ethereum (ETH) price analysis: ETH/USD recovers from intraday lows, still down 4% day-on-day

The second-largest cryptocurrency with the current market capitalization of $23.2 has lost over 4% in recent 24 hours amid bearish sentiments on the global cryptocurrency market. ETH/USD is changing hands at $216.11 with a bearish bias.

Ethereum’s technical picture

Looking technically, a sustainable move below psychological $210.00 will darken the short-term picture. ETH/USD managed to recover from the intraday low of $214.86 by press time; however, the upside momentum is still nowhere to be seen.

Ethereum

After a decent run, Litecoin looks like it might be trying to break lower

LTC/USD rallied all the way from 22.37 to 147.27 between December 2018 to June 2019. Now it seems that prices are breaking lower towards the support level at 76.46. The price action has been looking pretty bearish since the upside rejection of 106.86 six sessions ago. At that point, the price started to create a rising wedge formation which has since broken to the downside. The medium-term trend made a few lower high and lower low waves but at the point of retracement, there have been a couple of higher highs and higher lows since. Now 83.32 needs to be broken to continue that theme and break back to make the next wave low.

Litecoin technical analysis August 9 2019

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Bitcoin price analysis: BTC/USD settles above $9,800, vulnerable to new losses

Bitcoin (BTC) managed to recover above $9,800 after a bloody crash towards $9.600 during early Asian hours. At the time of writing, the first digital asset is changing hands at $9,860, down 3.5% on a day-on-day basis.

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Ethereum (ETH) price analysis: ETH/USD stays above $200.00, bulls don't give up

The second-largest cryptocurrency with the current market capitalization of $22.4 billion hit $217.60 on Wednesday. While the coin has retreated to $207.50 by the time of writing, the overall sentiments remain bullish as the coin stays above a critical $200.00.

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Litecoin price analysis: LTC/USD retreats back within the short-term channel

Litecoin has retraced from Wednesday's high of $79.15 to trade at $74.37 by the time of writing. The fifth-largest coin with the current market value of $4.7 billion has lost nearly 2% of its value in recent 24 hours and decreased by 4.5% since the beginning of the day. 

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The cryptocurrency market update: Bitcoim settles at new lows, altcoins deep in red

The cryptocurrency market is a sea of red today as Bitcoin and major altcoins - with some notable exceptions - are falling down rapidly. The total market capitalization of all digital assets in circulation dropped to $263 billion.

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast

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